Deals
Hilton Grand Vacations to Acquire Apollo’s Diamond Resorts
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Hilton Grand Vacations Inc. is acquiring Diamond Resorts International Inc., the time-share company owned by Apollo Global Management Inc., in a stock deal with an equity value of about $1.4 billion, according to a statement Wednesday.
Hilton Grand Vacations shareholders will own about 72% of the combined company with Apollo and other Diamond shareholders owning approximately 28%, according to the statement.